Cannabis tax relief bill in Congress (Newsletter: January 3, 2023)

Cannabis tax relief bill in Congress (Newsletter: January 3, 2023)
MJ moment

CT clears marijuana records; VA cannabis sales bill changes equity provisions; Study: Legalization tied to employment boost; MA nears $4B in sales Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Email address: Leave this field empty if you’re human: Your support makes Marijuana Moment possible… Hold on, just one second before you read today’s news. Have you thought about giving some financial support to Marijuana Moment? If so, today would be a great day to contribute. We’re planning our reporting for the coming year and it would really help to know what kind of support we can count on. Check us out on Patreon and sign up to give $25/month today: / TOP THINGS TO KNOW Connecticut Gov. Ned Lamont (D) announced that the state has now erased 42,964 marijuana convictions from people’s records as of the start of the new year—a development that comes just days ahead of the launch of legal recreational cannabis sales. A Virginia Republican delegate filed a bill that would finally allow the state to move ahead with legal recreational marijuana sales—but some advocates have concerns about changes it would make to previously enacted equity provisions. Rep. Nancy Mace (R-SC) introduced a bill to undo the 280E tax penalty on marijuana businesses by letting them take deductions that are available to companies in any other industry. A new study found that legalizing marijuana “is associated with an increase in agricultural employment, consistent with the opening of a new licit market.” Massachusetts retailers have sold nearly $4 billion…

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Source : Cannabis tax relief bill in Congress (Newsletter: January 3, 2023)

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